The Reserve Bank of India (RBI) on February 9 said it has cancelled the certificate of registration of three non-banking finance companies (NBFC). These three NBFCs are Bharathu Investment & Finance India, Cox & Kings Financial Service, and PSPR Enterprises Pvt Ltd.
In a separate notification, RBI said nine NBFCs and one housing finance company surrendered their licence. Reliance Home Finance Ltd surrendered its licence after exiting the Housing Finance Institution business.
Among the nine NBFCs, S.M.I.L.E. Microfinance, JFC Impex Pvt Ltd, Cauvery Tradefin Pvt Ltd, and Ginni Tradefin Ltd, surrendered their licence after exiting from business. JG Trading & Investment Pvt Ltd, SK Finserve Pvt Ltd, Microfirm Capital Pvt Ltd, Bohra & Co Pvt Ltd, and Mahyco Grow Finance Pvt Ltd surrendered their licence as they ceased to be legal entities after amalgamation/ merger/dissolution/ voluntary strike-off, etc.
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